Galena : Advice

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kokomuncie, Home Owner in Galena, IL
kokomuncie answered:
Hi There, I am thinking of investing in a home in Galena which I can use it to rent it out and maintained. Is this profitable?
Hi Raj,

Don't know if you've already bought a house, but we have a FSBO in the low 100's. It is a 4 bed/2 bath and comfortably sleeps 10. Does need updating.

Let me know if you ... more
0 votes Share Flag Sun Jun 15, 2014 Home Buying in Galena
dude, Home Owner in Galena, IL
dude answered:
WHAT EXACTLY ARE THE LAND AND IMPROVEMENT ASSESSMENTS? How often do they ocurr and what is covered?
taxes are cheap in Galena, I am paying about 800 a year and paid 65 grand for my home.

wonderful area, clean, nice people.
0 votes Share Flag Mon Apr 28, 2014 Market Conditions in Galena
Bob Brandt R…, Real Estate Pro in Schaumburg, IL
Bob Brandt Re/Max 847-230-7303 answered:
The home you picked out is a Fannie Mae foreclosure. You may want to call your local Galena Realtor and ask them their opinion on the current and future market in the beautiful, scenic ... more
1 vote Share Flag Sat Jan 25, 2014 Market Conditions in Galena
Michael B De…, Other/Just Looking in 60043
Michael B Decman 630-427-4668 answered:
what are taxes?
Taxes are deemed by property value and due in arrears on Illinois property.

Mike Decman Envoy Loan Analyst
0 votes Share Flag Tue Jul 16, 2013 Financing in Galena
lgoeins, Other/Just Looking in Galena, IL
lgoeins answered:
What are the advantages/disadvantages of using wood for heating fuel?
The advantage would have to 1.) it's renewable 2.) it is a comparatively less pollution gathering energy
The disadvantage would have to be that t provides less energy per unit than ... more
0 votes Share Flag Tue Feb 12, 2013 Home Buying in Galena
Debbie Wolco…, Home Buyer in Elizabeth, IL
Debbie Wolcott answered:
Why are property taxes always n/a?
Because IL property taxes are quite high. I'd buy this house if it wasn't for 11,000.00 in property taxes. I use to live in the area and we were transferred to OK. Now, at retirement ... more
1 vote Share Flag Fri Dec 28, 2012 Home Buying in Galena
EdithJasser…, Real Estate Pro in 60093
EdithJasser YourRealtor4Life answered:
Me and my wife would like to buy our first home, but our credit isn't very good and cant afford down payment can we still buy
I am one of the Realtors encouraging Buyers to be careful.....
I know that home prices are low and interest rates are low, so in general a good time to buy property.

But I always al ... more
0 votes Share Flag Tue Dec 18, 2012 Home Buying in 61036
Marco Gomez, Real Estate Pro in Bayside, Queens, NY
Marco Gomez answered:
I have been approved by my local bank for a VA loan I want to be able to buy a Townhouse. I called another bank told me yes . plse advise
Your best bet is to ask each loan officer how many VA loans each has closed and ask for references from past borrowers. The biggest reason for doing this is that you want to make sure t ... more
0 votes Share Flag Wed Jun 13, 2012 Home Buying in Galena
Ray Oczak, Real Estate Pro in Galena, IL
Ray Oczak answered:
I am concerned about the long term property valuations in Eagle Ridge. Are there any projections that can be substantiated with real data?
Real estate values in the Galena Territory will begin to appreciate as fast and if not faster than the residential properties in the Midwest. There are 16 million people living within ... more
0 votes Share Flag Tue May 22, 2012 Home Buying in Galena
Jan Alderman, Other/Just Looking in Schaumburg, IL
Jan Alderman asked:
Looking for the percentage of change in real estate values in Galena in the last 3 years. Interest in a building that hasnt been assessed in 3 years, zoned both commercial/residental.
0 votes Share Flag Wed Apr 11, 2012 Market Conditions in 61036
Kathy Bookle…, Real Estate Pro in Galena, IL
Kathy Bookless answered:
Sue: I am a real estate agent in Galena. For some reason this website often states that the heating system is wood. I think what they are referring to is the fireplace (as opposed t ... more
0 votes Share Flag Sat Feb 11, 2012 In My Neighborhood in 61036
Gene Mundt, Real Estate Pro in 60451
Gene Mundt answered:
Are there any houses for sale in galena illinois that would consider renting?
Robby: Can you provide a bit more information on your needs? What kind of home are you looking for ... rooms? Size? Amenities? In town ... or would you drive a distance?? That mig ... more
0 votes Share Flag Tue Jan 24, 2012 Home Buying in Galena
Carlos Valen…, Real Estate Pro in Orlando, FL
Carlos Valentin answered:
Im a broker in Galena, IL and want to get on some company lists to do BPOs? Where can I access this info? Jackie
Hey Jackie,

I am not sure how things have changed in the last few years in your state, but the best recommendation here in Florida is to sign up for the BPO class that most real esta ... more
0 votes Share Flag Tue Nov 29, 2011 Agent2Agent in Galena
Anthony Cava…, Real Estate Pro in Channahon, IL
Anthony Cavalea IV answered:
Our house has been on the market almost a year. We are military and are getting transfered to Cali, in september and are running out of time. HELP
Your Main Variables = Price, Location, Condition, Exposure (marketing)

Location you can't change. Condition is probably good since your house is fairly new.

And the fact that ... more
0 votes Share Flag Fri May 13, 2011 Home Selling in 61036
Ruth & P…, Real Estate Pro in 95030
Ruth & Perry Mistry answered:
List Price Vs. Sale Price Ratios?
Hi Ace:

Call a local Realtor that will be your best bet, every other site needs subscription
and costs money.

Happy Holidays.
0 votes Share Flag Sat Dec 25, 2010 Market Conditions in 61036
Amy O'Bannon, Real Estate Pro in Mineral Wells, TX
Amy O'Bannon answered:
Would it be better to sell a house for 15-20k less than what is owed or to wait it out? We are in a
If you have a buyer don't wait around. It might be a while before you get another one.
0 votes Share Flag Thu Jul 29, 2010 Home Selling in Galena
Andy Klemmt, Real Estate Pro in Galena, IL
 Find Your Home in The Galena Territory-Eagle Ridge Resort and Historic Galena, link to  Feel free to search our listings to find homes in our area. You can also read our blog,… Read more
Blogged Sun Feb 7, 2010 by Andy Klemmt Home Buying
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Terry Koraha…, Real Estate Pro in Queens, NY
Terry Korahais answered:
Our house has been on the market for almost a year. We are paying 2 morgages and sinking. We have come down
Unfortunately- noone saw this market problem coming. Make sure it is listed on Multiple Listing Service.- you can offer higher % rate for the selling broker. Reduce it until you get a ... more
1 vote Share Flag Tue May 26, 2009 Home Selling in 61036
rockinblu, Other/Just Looking in Austin, TX
rockinblu answered:
If the agent swears the house is priced right and we have been assured that the people looking at our house

First thing, I just got in from a night out at a dive bar in south Austin ( ) . So since you have a name such as Beergirl8, I felt I had ... more
0 votes Share Flag Fri May 22, 2009 Home Selling in Galena
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